Amdocs Limited Stock Forecast
Evaluation of Amdocs Limited stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Amdocs Limited stock price gained 0.92% on the last trading day (Friday, 31st May 2024), rising from $78.28 to $79.00. During the last trading day the stock fluctuated 1.02% from a day low at $78.42 to a day high of $79.22. The price has fallen in 6 of the last 10 days and is down by -3.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 699 thousand shares were bought and sold for approximately $55.25 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.69% during the next 3 months and, with a 90% probability hold a price between $66.16 and $70.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DOX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amdocs Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $79.56 and $83.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Amdocs Limited stock
Amdocs Limited finds support from accumulated volume at $78.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.800 between high and low, or 1.02%. For the last week, the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Amdocs Limited to open at $78.88, and during the day (based on 14 day Average True Range), to move between $77.61 and $80.39, which gives a possible trading interval of +/-$1.39 (+/-1.77%) up or down from last closing price. If Amdocs Limited takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.79 (0.27%) than the resistance at $81.70 (3.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amdocs Limited stock A Buy?
Amdocs Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.682 Sell Candidate Downgraded
Predicted Opening Price for Amdocs Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $78.88 ( 0.152%) | $79.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.68 | 0.86 % | |
| R2 | 79.37 | 0.474 % | ||
| R1 | 79.19 | 0.235 % | ||
| Current price: | 79.00 | |||
| Support | S1 | 78.57 | -0.539 % | |
| S2 | 78.39 | -0.778 % | ||
| S3 | 78.08 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.20 | 16.71 % | |
| R2 | 83.23 | 5.35 % | ||
| R1 | 81.70 | 3.42 % | ||
| Current price | 79.00 | |||
| Support | S1 | 78.79 | -0.266% | |
| S2 | 78.28 | -0.91% | ||
| S3 | 78.01 | -1.25% |
DOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | Jun 28, 2024 | Jul 26, 2024 | $0.480 | 0.608% |
| 2 | Feb 06, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.479 | 0.564% |
| 3 | Nov 07, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.435 | 0.472% |
| 4 | Aug 02, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.435 | 0.553% |
| 5 | May 10, 2023 | Jun 29, 2023 | Jul 28, 2023 | $0.435 | 0.464% |
FAQ
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